-
Loan-loss provisions are trending up, partly due to an increase in overall lending but also because lenders are concerned about future losses on loans tied to the energy and manufacturing sectors.
October 20 -
As the interest-rate can gets kicked down the road once again, PNC Financial Services Group's Bill Demchak plans to play along.
October 14 -
The $17 billion-asset holding company for First National Bank of Pennsylvania plans to use the proceeds for general corporate purposes, according to a Wednesday news release.
September 30
F.N.B. Corp. in Pittsburgh reported higher third-quarter profit, citing growth in commercial loans and leases and consumer loans.
The $16.8 billion-asset company said net income rose 14%, to $38 million, from the same period last year. Earnings per share rose 10%, to 22 cents.
Net interest income rose 3.9% to $127.2 million, aided by an 8% increase in net loans and leases, to $11.7 billion, and a 3.7% decline in its provision for loan losses.
The holding company for First National Bank of Pennsylvania said its net interest margin shrank 24 basis points, to 3.39%.
Noninterest income rose 10.1% to $41.4 million, on higher deposit service charges, insurance commissions and net securities gains.
Noninterest expense rose 2.4%, to $98.1 million, on higher compensation, federal deposit insurance and merger costs. The efficiency ratio improved to 55.59%.
F.N.B.'s shares were up 4.4% in midday trading Thursday, to $13.49.
